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RE: Steem: The Destruction Of Mastercard And Visa
I think it is a repeat of the 1990s when the information purveyors embraced the Internet which ended up killing their business.
It seems a lot of these companies are jumping into cryptocurrency because they see the threat and yet arent sure what to do about it.
I can't see how visa and mastercard would be dead/dying on my lifetime but i'm excited to be proven wrong.
Yeah, I don't see it either... they're so massively integrated in retail... even Samsung and Apple have struggled to transition people across to other payment systems... but I completely agree. Down with 3% fees!
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That's interesting... I thought they'd throw their weight around, use their retail infrastructure and entice all miners to come over to their coin. Be very interesting to see what they build... and if it'll make any difference at all.